2024-11-15T09:35:17-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 40 WESTMINSTER STREET SUITE 600 PROVIDENCE RI 02903 990 2023-01-01 060294660 GOLF CLUB OF AVON INCORPORATED GOLF 8606733216 160 COUNTRY CLUB ROAD AVON CT 06001 JOHN GIAMALIS TREASURER 8606733216 2024-11-15 1 1 KERRI RAWCLIFFE P01398485 4016216200 2024-11-15 2023 2024-10-15 13:58:12Z JOHN GIAMALIS 160 COUNTRY CLUB ROAD AVON CT 06001 8351865 0 X WWW.GOLFCLUBOFAVON.COM X 1913 CT PROVIDE SOCIAL, GOLF AND OTHER ACTIVITIES AT A HIGH LEVEL OF SERVICE IN QUALITY FACILITIES. 9 9 257 51 198270 0 0 0 5910092 6414161 148479 192 -789006 -1109218 5269565 5305135 0 0 0 0 2292784 2574605 0 0 0 2992884 3164520 5285668 5739125 -16103 -433990 12632402 12222164 3517884 3541636 9114518 8680528 THE GOLF CLUB OF AVON IS A PRIVATE COUNTRY CLUB COMMITTED TO FELLOWSHIP, TRADITION, AND SHARED VALUES WHOSE MEMBERS ENJOY SOCIAL, GOLF, AND RECREATIONAL ACTIVITIES PROVIDED AT A HIGH LEVEL OF SERVICE IN QUALITY FACILITIES. 0 0 GOLF OPERATIONS - GOLF FACILITIES ARE AVAILABLE FOR USE BY GOLFING MEMBERS AND THEIR GUESTS. BEVERAGE AND RESTAURANT OPERATION - TO PROVIDE MEMBERS AND THEIR GUESTS WITH AN OPPORTUNITY FOR DINING AND SOCIALIZING. TENNIS, POOL, PADDLE TENNIS AND RECREATIONAL SERVICES - TO PROVIDE MEMBERS WITH OTHER INDOOR AND OUTDOOR ACTIVITIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 37 0 1 257 1 1 1 0 0 0 0 309435 838300 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X NANCY AUGUR CONTROLLER 8606733216 160 COUNTRY CLUB ROAD AVON CT 06001 ERIC WALLACE PRESIDENT 5.00 X X 0 0 0 STEVEN HAHN VICE PRESIDENT 5.00 X X 0 0 0 BRIAN CUDDEBACK TREASURER 5.00 X X 0 0 0 REBECCA ESPOSITO SECRETARY 5.00 X X 0 0 0 MICHAEL BLACKWELL PAST PRESIDENT 5.00 X X 0 0 0 JOHN GIAMALIS DIRECTOR 5.00 X 0 0 0 GEOFF MATOUS DIRECTOR 5.00 X 0 0 0 JAMES MARSH DIRECTOR 5.00 X 0 0 0 KELLY GRIM DIRECTOR 5.00 X 0 0 0 KIMBERLY PEREZ COO/CFO 40.00 X 151055 0 0 JONATHAN CHARPINKSY SUPERINTENDENT 40.00 X 146742 0 0 LISA WRIGHT CLUBHOUSE MANAGER 40.00 X 107193 0 0 404990 0 0 3 0 1 0 0 DUES 713910 4231595 4231595 GREENS/CART RENTALS 713910 805337 514407 290930 CAPITAL & OPERATING ASSESSMENT 713910 482182 482182 SERVICE CHARGES 713910 374634 374634 TOURNAMENT REVENUE 713910 259843 259843 260570 257270 3300 6414161 192 192 1882713 3046730 -1164017 -1067865 -96152 FINANCE CHARGES 713910 54799 54799 54799 5305135 5106865 198270 0 151055 2062886 66610 99022 195032 37628 120175 63982 102055 586281 9961 83401 710215 163491 INCOME TAX EXPENSE 2500 GOLF & GROUNDS - PROG 766061 RESTAURANT, CLUBHOUSE, 201655 MISCELLANEOUS 148781 168334 5739125 244947 375956 2774 102918 1084801 954849 64535 67260 42356 87577 25796867 15175079 11171434 10621788 21555 11816 12632402 12222164 472271 753634 32865 41471 3012748 2746531 3517884 3541636 X 9102577 8666172 11941 14356 9114518 8680528 12632402 12222164 -433990 0 X X 0 1 X 1 0 61918 61918 13569559 8014513 5555046 3104187 2047786 1056401 9061203 5112780 3948423 10621788 X 8351865 3046730 3046730 5305135 0 5305135 8785855 3046730 3046730 5739125 0 5739125 PART X, LINE 2: THE CLUB RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CLUB HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CLUB IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - FOOD AND BEVERAGES 3,046,730. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES - FOOD AND BEVERAGE 3,046,730. X X 1 1 X X X 0 0 0 KIMBERLY PEREZ COO/CFO 151055 0 0 0 0 0 0 0 0 0 151055 0 0 0 PART I, LINE 3 COMPENSATION FOR THE COO/CFO IS DETERMINED BY THE EXECUTIVE COMMITTEE. ANNUALLY, THE EXECUTIVE COMMITTEE DETERMINES THE BONUS AMOUNT AND WAGE INCREASE FOR THE COO/CFO. THE COO/CFO GENERALLY DETERMINES COMPENSATION FOR ALL OTHER KEY EMPLOYEES IN CONSULTATION WITH THE EXECUTIVE COMMITTEE. TO DETERMINE COMPENSATION FOR KEY EMPLOYEES, THE COO/CFO MAY USE DIFFERENT METHODS INCLUDING INDUSTRY STATISTICS AND THE INDIVIDUAL EMPLOYEE'S WORK EXPERIENCE. AS ALL DISCUSSION OF COMPENSATION-RELATED MATTERS TAKES PLACE IN THE EXECUTIVE COMMITTEE, THERE ARE NO CONTEMPORANEOUS RECORDS OF THE DELIBERATIONS AS THE EXECUTIVE COMMITTEE DOES NOT KEEP MINUTES OF ITS MEETINGS. COMPENSATION FOR THE COO/CFO IS REFLECTED IN HER EMPLOYMENT AGREEMENT, WHICH REPRESENTS THE ONLY CONTEMPORANEOUS RECORD OF APPROVED COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 THE CLUB'S MEMBERS ARE COMPRISED OF INDIVIDUALS AND FAMILIES. THEIR MEMBERSHIP AFFORDS THEM ACCESS TO THE CLUB'S AMENITIES BASED ON THEIR MEMBERSHIP CLASSIFICATION. FORM 990, PART VI, SECTION A, LINE 7A AT LEAST EIGHT WEEKS PRIOR TO THE ANNUAL MEETING, THE BOARD OF GOVERNORS SHALL APPOINT A NOMINATING COMMITTEE CONSISTING OF FIVE MEMBERS OF THE CLUB. AT LEAST FOUR WEEKS PRIOR TO THE ANNUAL MEETING, THE NOMINATING COMMITTEE SHALL SUBMIT TO THE BOARD AND SHALL POST UPON THE CLUB BULLETIN BOARD AND INTERNET WEBSITE A LIST OF NOMINEES FOR EACH OFFICE OF PRESIDENT, VICE PRESIDENT, TREASURER, AND SECRETARY AND THE CANDIDATES FOR EACH OTHER MEMBER OF THE BOARD OF GOVERNORS. NAMES OF OTHER MEMBERS IN GOOD STANDING MAY BE NOMINATED BY PETITION SIGNED BY AT LEAST TEN (10) MEMBERS AND SUBMITTED TO THE BOARD AT LEAST TWO WEEKS PRIOR TO THE ANNUAL MEETING. AT LEAST ONE WEEK PRIOR TO THE ANNUAL MEETING, A LIST OF ALL CANDIDATES NOMINATED SHALL BE EMAILED TO EACH MEMBER AT THEIR LAST KNOWN ELECTRONIC MAIL ADDRESS AND A COPY OF SUCH LIST SHALL BE POSTED UPON THE CLUB BULLETIN BOARD AND INTERNET WEBSITE. VOTING SHALL BE WRITTEN BALLOT AND THOSE NAMES RECEIVING THE GREATEST NUMBER OF VOTES CAST SHALL BE DECLARED TO BE ELECTED. THE BOARD SHALL APPOINT A COMMITTEE OF THREE JUDGES WHO ARE NOT MEMBERS OF THE BOARD OR CANDIDATES FOR ELECTION TO SUPERVISE THE ELECTION. IN THE EVENT THERE ARE NO MORE THAN NINE (9) CANDIDATES FOR ELECTION, THE UNCONTESTED SLATE SHALL BE ELECTED BY PROXY VOTE OF THE SECRETARY OF THE CLUB. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION TO BOARD APPROVAL, THE FOLLOWING SHALL REQUIRE A VOTE OF THE AGGREGATE OF VOTING MEMBERS: (A) PRESENT AT A SPECIAL MEETING AND (B) VOTING BY ABSENTEE BALLOT (AS PROVIDED IN SECTION 3.3): (I) ANY NEW CHARGE IMPOSED UPON SOME OR ALL OF THE VOTING MEMBERS WHICH EXCEEDS ONE THOUSAND DOLLARS ($1,000.00) PER VOTING MEMBER IN ANY TWELVE (12) MONTH PERIOD; AND (II) ANY INDEBTEDNESS TO BE INCURRED BY THE CLUB FROM A FINANCIAL INSTITUTION OR OTHER LENDER WHICH EXCEEDS SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($750,000.00). FORM 990, PART VI, SECTION B, LINE 11B THE CLUB COO/CFO AND TWO OFFICERS OF THE CLUB'S BOARD OF GOVERNORS REVIEW THE 990 BEFORE IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF GOVERNORS REQUIRE ALL BOARD MEMBERS, COMMITTEE CHAIRS, AND MEMBERS OF MANAGEMENT TO COMPLETE CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. THESE STATEMENTS ARE REVIEWED BY THE BOARD OF GOVERNORS AND RESPONSES ARE DEVELOPED FOR THOSE INDIVIDUALS THAT HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE COO/CFO IS DETERMINED BY THE EXECUTIVE COMMITTEE. ANNUALLY, THE EXECUTIVE COMMITTEE DETERMINES THE BONUS AMOUNT AND WAGE INCREASE FOR THE COO/CFO. THE COO/CFO GENERALLY DETERMINES COMPENSATION FOR ALL OTHER KEY EMPLOYEES IN CONSULTATION WITH THE EXECUTIVE COMMITTEE. TO DETERMINE COMPENSATION FOR KEY EMPLOYEES, THE COO/CFO MAY USE DIFFERENT METHODS INCLUDING INDUSTRY STATISTICS AND THE INDIVIDUAL EMPLOYEE'S WORK EXPERIENCE. AS ALL DISCUSSION OF COMPENSATION-RELATED MATTERS TAKES PLACE IN THE EXECUTIVE COMMITTEE, THERE ARE NO CONTEMPORANEOUS RECORDS OF THE DELIBERATIONS AS THE EXECUTIVE COMMITTEE DOES NOT KEEP MINUTES OF ITS MEETINGS. COMPENSATION FOR THE COO/CFO IS REFLECTED IN HER EMPLOYMENT AGREEMENT, WHICH REPRESENTS THE ONLY CONTEMPORANEOUS RECORD OF APPROVED COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CLUB'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE ONLY AVAILABLE TO CLUB MEMBERS. FORM 990, PART XI, LINE 2C THE FINANCE AND BUDGET COMMITTEE IS RESPONSIBLE FOR SELECTION OF THE INDEPENDENT ACCOUNTING FIRM AND OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GOLF CLUB OF AVON FOUNDATION 160 COUNTRY CLUB ROAD AVON CT 06001 273031646 TO PROVIDE EDUCATIONAL GRANTS TO CHILDREN. CT 501(C)(3) OTHER PUBLIC CHARITY N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0